Using one or more of the free financial media sources listed in module 7, research the initual public offerings of the following companies: Airbnb, Inc., DoorDash, Inc., and McAfee Corp.

a) When did each of these companies "go public"? what does it mena when a comapny "goes public"

b) For each comapny, what was the offer price and the closing price kn the first day?

c) What factors should an investor consider when deciding how much to pay for an IPO? In other words what are the factors that determine a company's valuation?

d) Based on the difference between offer price and closing price on the first day, does this mean that investors paid too much for McAfee Corp? Does it mean the offer price was set too low for Airbnb amd DoorDash?

e) Why is "pricing an IPO... as much art as science"?

f) What are your citations?

Learning objectives associated witht his discussion assignment include that students should be able to:

2) Estimate stick values based on market multiples

3) Determine shareholders required rates of return.